Cabinet approves ₹6,000 cr loan for Purandar airport project
after close1 source ↓written by the desknot a recommendation
- loan for land
- ₹6,000 crore
- CIDCO
- 51% stake
- and PMRDA hold
- 15% each
The state government approved a ₹6,000 crore loan for land acquisition for the Purandar airport project. The special purpose vehicle (SPV) is led by CIDCO with a 51% stake, while MIDC and PMRDA hold 15% each. The loan repayment will be shared among SPV partners based on their shareholding. 🚧
This funding decision may enhance infrastructure development in Pune, potentially boosting related sectors. 📈
Not investment advice. For informational purposes only.